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Here's how much the average US family has saved for retirement
Business Insider ^ | 3 Mar, 2016 | Kathleen Elkins

Posted on 03/04/2016 8:35:23 PM PST by MtnClimber

Nearly half of American families have no retirement account savings at all.

That's what the Economic Policy Institute (EPI) found in a new report, "The State of American Retirement," which dives into the retirement preparedness of American workers.

The EPI broke down the percentage of families with retirement savings by age. Those between 56 and 61 are more likely to have an account (61%), while those between 32 and 37 are least likely to have one (51%). Scroll over the chart to see how the percentages have changed for different age groups over time: (chart at link)

The average retirement savings of all American families is $95,776, but there is more to that number than meets the eye. Since so many families have no savings, the median - 50th percentile - family has just $5,000 saved.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Society
KEYWORDS: investment; retirement
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To: SampleMan

When they’re on welfare aren’t they already retired? If they are on welfare when they hit 66 do they switch over to Social Security or do they remain on the higher paying welfare?


61 posted on 03/05/2016 5:05:51 AM PST by fella ("As it was before Noah so shall it be again,")
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To: Gunslingr3
By living beneath their means. Crazy, I know....

I have been amazed by the number of women who have acted like going from a 3000 sqft mortgage to 1200 sqft paid for condo is tantamount to getting a DUI!

62 posted on 03/05/2016 5:21:30 AM PST by papertyger (-/\/\/\-)
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To: Mears
"I usually stock up on those little bulbs at Christmas time——much cheaper."

But, don't the flashing red lights send you into a catatonic state?


63 posted on 03/05/2016 5:32:37 AM PST by moovova
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To: Gunslingr3

Some of my father’s wisest words to me: “Curb your wants”.


64 posted on 03/05/2016 5:36:04 AM PST by Fireone (The future must belong to those who tell the truth about Islam.)
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To: digger48

They’re killing us too. We went from about $900 per month to almost $1600 per month. That’s $700 less we have to spend on anything else.


65 posted on 03/05/2016 7:07:08 AM PST by sheana
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To: moovova

“But, don’t the flashing red lights send you into a catatonic state? “


A catatonic state is so similar to my normal state I can’t answer that question.:-)

.


66 posted on 03/05/2016 7:25:44 AM PST by Mears
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To: Dusty Road

That damn public employee double dipping needs to be outlawed. What a crock!!


67 posted on 03/05/2016 8:34:09 AM PST by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: grey_whiskers

Where do you live? In Minneapolis, eggs are closer to $2.00/dozen (large, not jumbo) and milk is $2.99 / gallon.

**********************************************************

Those prices I quoted were from Wal-Mart in Pekin, Illinois. Until fairly recently, they were more in line with yours, possibly higher. About 6 weeks or so ago, I noticed them dropping steeply and not just at W-M but every grocery store in the area. The only thing I can figure out is that there may be a temporary glut of those products on the local market.

Too bad there’s no practical way to store milk and eggs, long term. Drying them is not a “practical” way, in my opinion


68 posted on 03/05/2016 9:52:46 AM PST by Graybeard58
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To: avenir

What is a penultimate saver?


69 posted on 03/05/2016 9:52:51 AM PST by Cruzorlose
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To: MtnClimber

I guess we can say the underclass can’t understand, but maybe they really do, and that’s why they don’t bother with the “expense” of savings, which no longer net any interest of much consequence.


70 posted on 03/05/2016 9:58:09 AM PST by Theodore R. (Liberals keep winning; so the American people must now be all-liberal all the time.)
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To: ProtectOurFreedom

You have enemies in the American people who are unconcerned with the struggle you went through to save for your later years.


71 posted on 03/05/2016 10:00:45 AM PST by Theodore R. (Liberals keep winning; so the American people must now be all-liberal all the time.)
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To: Graybeard58

Best you can do with eggs is either boil or scramble, then freeze. Texture is ruined but nutrition remains.


72 posted on 03/05/2016 10:15:43 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: alexander_busek

Lol, I just got schooled. They are among the ULTIMATE of savers.


73 posted on 03/05/2016 11:29:04 AM PST by avenir (I'm pessimistic about man, but I'm optimistic about GOD!)
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To: Cruzorlose

I know, I know...it was 1:30 am okay?


74 posted on 03/05/2016 11:40:54 AM PST by avenir (I'm pessimistic about man, but I'm optimistic about GOD!)
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To: Theodore R.
It's an age-old problem. The U.S. was largely immune to it until FDR, LBJ and WJC hoodwinked the American people and corrupted their morals.


75 posted on 03/05/2016 1:18:01 PM PST by ProtectOurFreedom
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To: Cruzorlose
What is a penultimate saver?

A penultimate saver is to an ultimate saver what a salutatorian is to a valedictorian.

Regards,

76 posted on 03/06/2016 3:12:51 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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